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III Licentiate PrepPro- Practice Test & Mock Test for Insurance Institute of India Licentiate Exams. Licentiate Exam Preparation Mock Test for IC 01 III Licentiate Exam Preparation Mock Test - IC 01 Principles Of Insurance.ABOUT THIS MOCK TEST-700+ Question Bank Spread Across 5 Mock Test & a Chapter Summary Test. To help individuals gauge their current level of knowledge and further enhancement of confidence for real III Licentiate Exam. Mock Tests is specially designed Learning Outcome wise & Test Objective wise as outlined by III for each chapter.A) 5 Mock Test (100 Questions Each) Covering all Test Objectives Outlined by Insurance Institute of IndiaB) One test of 200+ Questions covering the summary of all ChaptersKey Features:1) Detail Explanations to strengthen your exam preparation2) Knowledge Area to assess weak area and re-preparer.This online mock test aims to equip learners with a comprehensive understanding of relevant expertise needed for success in III Licentiate Exam for IC 01 - Principles Of Insurance.Chapters Covered1: Risk Management2: The Concept of Insurance and its Evolution3: The Business of Insurance4: The Insurance Market5: Insurance Customers6: The Insurance Contract7: Insurance Terminology8: Life Assurance products9: General Insurance Products10: History of Insurance & History of Insurance in India.-Knowledge Area Covered on This Online Mock Test-Understand risk analysis and risk management techniques.Understand risk retention for individuals.Understand the meaning of risk and distinguish between different types of risksAppreciate the importance of the insurance industryBe aware how insurance evolvedDiscuss the different classes of insuranceUnderstand how insurance worksUnderstand the concept of insuranceDiscuss the role of insurance in economic development and social securityExplain reinsurance and its importanceUnderstand how insurers manage riskUnderstand how premiums are fixedUnderstand how risk is managed by individualsBe familiar with the Indian insurance marketLearn about the role of intermediariesLearn about the role of specialistsLearn about the role of the regulator and other bodiesDiscuss the importance of ethical behaviourUnderstand customer mindsets and customer satisfaction.Understand the different types of customers and how they differUnderstand who is an insuredDiscuss the insurance contract.Learn about the significance of the principle of Insurable Interest.Learn the Concept of Proximate CauseUnderstand the principle of indemnityUnderstand the principle of Subrogation and ContributionUnderstand terms that are specific to non-life insuranceUnderstand the terms that apply to life and non-life insuranceUnderstand the terms that are specific to life insuranceLearn about traditional products offered by life insurance companiesUnderstand the features of annuities and group policiesKnow about the products offered by non-life insurance companiesLearn about various insurance products offered under miscellaneous categoryUnderstand the features of fire insurance and marine insurance productNOTE-This mock test is part of my printed guidebook: III Licentiate Exam Preparation Guide IC 01 PRINCIPLES OF INSURANCE Revised - Nov 2023The printed book is available on all major ecommerce websites like Amazon / Flipkart etc. Else you can also directly get it from publisher with FREE SHIPPING Offer.

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